The Secretary of State to the Ambassador in Great Britain (Harvey)

No. 278

Sir: Receipt is acknowledged of your despatch No. 560 of October 19, 1921, enclosing a copy of a document from the British Foreign Office, dated October 18, 1921, entitled “Project for an Extra-Consortium Loan to the Chinese Government”. In this connection it is desired that you inform the Foreign Office, that, while this Government will of course refuse to give its support or encouragement to the flotation in the United States of any Chinese loan which is contrary to the understandings involved in the Consortium agreement, it must be remembered that the Government of the United States is without any legal power to prevent such loan flotations.

I am [etc.]

For the Secretary of State:
F. M. Dearing